Product / Product Information / Trading Systems
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The Tradecision's Strategy Builder
functionality is centered on money management as the main part
of the trading process.
Disciplined Trading with Tradecision
When you are setting up a trade, it is essential to predetermine
the amount of risk you are incidentally willing to take.
This means that you have to be able to control your
position size, stop loss and profit target yet before
you enter the market! That is why, the conditions for closing
out (exiting) a trade are a lot more important than the entry
conditions.
Taking the right approach to money management,
never results in losing one's account. With Tradecision's powerful
money management capabilities, this is the only approach you
can take.
Tradecision Money Management Editor
For your convenience, the most popular money management
rules are predefined and easily accessible through
an advanced point-and-click editor. The editor enables the following
types of money-management operations:
- Automatic calculation of the position size using Optimal
F, Kelly, Fixed Fractional Trades and William formulas;
- Easy application of several stop-loss rules which
only requires a couple of clicks;
- Easy definition of the trailing stop
rule as a combination of predefined conditions;
- The system also supports using a predefined Profit
Target and defining a custom Position size
formula.
Fine-Tuning Your Stop-Loss and Profit Target Rules
To test your money management rules, you can define them in
Improvian,
a full-featured programming language. The New Strategy dialog
box provides special features for entering and editing your
stop-loss, trailing stop, and profit target rules. The same
rules can cover long and short trades, or you can also create
separate rules for this purpose.
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